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  • Monthly Archives: September 2012

    Chart of the Week: Obamacare's Barrage of Tax Hikes Coming in 2013

    obamacare-tax-hikes-606

    The first presidential debate takes place in Denver on Wednesday with a focus on domestic issues, including President Obama’s unpopular health-care law. Obamacare imposes numerous tax increases on Americans, totaling more than $500 billion over a 10-year period. According to Heritage’s analysis, these higher tax rates on income and investment … More

    Q&A: "Won't Back Down" Producer Brings School Choice to Big Screen

    Won't Back Down movie

    The movie “Won’t Back Down” opened yesterday in more than 2,500 theaters across America. The film brings to the big screen the highly charged issue of education reform by showcasing how two committed parents take on the establishment. With a cast of stars, including Maggie Gyllenhaal and Viola Davis, the … More

    Distinctly Different Approaches at the U.N.: Obama and Netanyahu on Iran

    Obama and Netanyahu

    A nuclear-armed Iran was a key topic of discussion at the U.N. General Assembly this week, including speeches by Israeli Prime Minister Benjamin Netanyahu and President Barack Obama. While both leaders agreed that “a nuclear-armed Iran is not a challenge that can be contained,” there are key differences in approaching … More

    As Spain and Greece Burn, Estonia Offers a Lesson

    A fire bomb explodes behind a riot police squad on September 26 in Athens, Greece, during clashes with demonstrators. (Photo: AFP)

    Over the past few days, new strikes and riots have convulsed Greece and Spain. Conventional wisdom (including from economist Paul Krugman) suggests that cuts in government spending—often described as “austerity”—are a primary cause of the economic downturn in these nations and across much of Europe. This “demand deficiency” hypothesis leads … More

    Another Day, Another Default: Postal Service to Miss $5.6 Billion Payment to Treasury

    United_States_Postal_Service_Truck-(0.00.00

    In August, the U.S. Postal Service (USPS) failed to pay $5.5 billion due to the Treasury Department to fund health benefits for its retirees. This Sunday, USPS will miss a second payment to the Treasury, this time for $5.6 billion. This second default is no surprise; the USPS just doesn’t … More

    Medicare Roundup 9/28: Setting the Record Straight

    Photo: Newscom

    In recent weeks, liberal politicians, editorialists, and policy analysts have vigorously attacked reform of Medicare based on a defined contribution financing. In fact, this approach to reforming Medicare has a long bipartisan tradition, going back to the 1980s and Representatives Richard Gephardt (D–MO) and David Stockman (R–MI). In fact, much … More

    Carbon Tax: Won't Reduce Deficit or Temperature

    carbon_dioxide_120712

    The Congressional Research Service (CRS) released a report that should be a cause for concern to all who believe in limited government. In it, CRS argues that a new tax on carbon could cut the deficit in half. There is nothing special about a carbon tax in terms of raising … More

    Bigger Government, More Cronyism, Less Economic Freedom

    2012Index_feature

    Recent news about the Obama Administration’s divestitures from AIG and GM—in some cases at a loss of billions of dollars—stands as a reminder of the privilege and cronyism that permeates our economy. As favoritism grows with the size of the government, economic freedom continues to be eroded by policies like … More

    Theodore Roosevelt: Progressive Crusader

    Theodore-Roosevelt

    Theodore Roosevelt, America’s 26th President, famously declared that the country ought to “speak softly and carry a big stick.” Good advice, especially in light of recent events. However, “when it came to the decibel level, [TR] did not always follow his own advice,” quips Jean Yarbrough in the latest “Makers … More

    Washington Post Misses on Romney Tax Plan and Step-Up Basis

    Mitt Romney at a rally

    The debate about former Governor Mitt Romney’s (R-MA) tax plan has reached a fevered pitch. In fact, The Washington Post published two articles (here and here) about it. The second repeated the confusion surrounding a poorly understood policy known as “step-up.” Recently, I weighed in to correct the false statement … More